?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Easy

Supply of Cameras

APMICR-HVENGG

Which of the following correctly describes the definition of supply as it relates cameras?

A

Kodak provides 25,000 cameras when the equilibrium price is $100.

B

Canon's factory can produce 5,000 cameras a week.

C

The quantity of cameras produced increases and the market-clearing price falls as a result of technological improvements in production.

D

Olympus is willing and able to produce different quantities of cameras based on the price prevailing in the market.

E

Nikon produces fewer cameras because many consumers use their phones to take pictures.